Electronics Weekly Electronics Design & Components Tech News
The most important goal of the Act was to restore the US to being a manufacturer of leading edge logic ICs.
That meant restoring Intel to being a manufacturer if leading edge logic ICs because it’s the only US company with a plan to make them.
Although due $19.5 billion in grants and loans under the Act, Intel has not so far received any of it.
The Catch-22 is that the officials charged with handing out Chips Act money won’t hand it out until Intel shows progress on building infrastructure but Intel can’t economically build and equip new fabs during a slump in chip demand.
According to Bloomberg, Intel is frustrated with delays on receiving the funding while the officials are delaying payments because Intel is not giving them required information on its manufacturing road map.
The deadlock is similar to the one encountered during the process on deciding on the Chips Act award to Intel which was held up because of diversity and inclusion issues.
Intel’s position is: “We are making significant progress across our US projects in Arizona, New Mexico, Ohio and Oregon, and look forward to finalising our funding agreement soon.”
See also: Intel’s Upcoming Process [Mannerisms blog]
Diversity and inclusion? Democrats are more worried about diversity and inclusion than having an actual functioning economy. Its no wonder the US is about to go bankrupt.
Let intel show some clarity on roadmap. They keep outsourcing manufacturing and their own fabs that they’re beggin for cash for do not produce anything.
Let’s wait until the BoD strategic mtg that is happening in mid September and the resulting plan In fact, a US Gov’t representative should be in that meeting to hear all sides and how they final recommendation was made. With US Gov’t funding so many $s for Intel’s future, the US Gov’t is similar to a VC. A VC would DEMAND to be that meeting or pull their funding.